District sets up entity to drive agro plan

Business

THE North Fly district in Western has set up an entity to drive its agriculture business development plan.
MP James Donald said the North Fly Agro Ltd would drive the development of agriculture and related business activities.
He handed over the certificate of incorporation from the Investment Promotion Authority to the new chief executive officer and managing director Nawani Devet in Port Moresby last Friday.
Donald said the North Fly Agro Limited was in the capable hands of Devet and general manager David Pepo.
The company is owned by the 115 wards in North Fly electorate, owning 10,000 shares each.
It will deliver agricultural products to farmers to generate income for them.
“The company will be the only entity which all the Government funding (for the district) will be channeled, to drive all the commodities.
“It will be a one-stop shop,” he said.
He also handed over a vehicle and two 20ft containers to the company.
The main markets secured include Ok Tedi Mining Ltd, Tabubil, Bige, LBL Catering, supermarkets, business houses, and open markets in the district.